Our pivot point is at 1.2989.
Our preference: as long as 1.2989 is resistance look for 1.2861
Alternative scenario: above 1.2989, look for 1.3031 and 1.3057.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands above its 20 period moving average (1.2950) but below its 50 period moving average (1.2958).
Supports and resistances:
1.3057 **
1.3031 *
1.2989 **
1.2972
1.2953 last
1.2886
1.2861 **
1.2836 *
1.2811 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 03-13-2025 at 19:41 UTC+1
Price reference: 1.2953 last known on 03-13-2025 at 19:41 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf